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Plus, with a $1 billion shelf offering at its disposal, more share-based dilution seems almost assured to be on its way. After ending September with a little north of 500 million shares, Sundial now has 1.66 billion outstanding shares. The following four heavily short-sold stocks fit that definition well and should be avoided like the plague.Īlthough Sundial is overflowing with cash - in the neighborhood of $700 million, following the exercising of 98.3 million warrants last month - the company has built up its war chest by drowning its own investors in registered direct offerings, at-the-market share sales, and debt-to-equity swaps. While this has been a popular method to send stocks 'to the moon' over the past seven weeks, the reality is that most heavily short-sold stocks are short-sold because they're poorly run businesses or have wildly detached from their underlying fundamentals.

The goal of the WSB community being to effect a short squeeze, thereby sending short-sellers scurrying to the exit all at once and exacerbating the upside in a heavily short-sold stock. Since roughly the midpoint of January, retail investors on Reddit's WallStreetBets (WSB) chatroom have banded together to buy shares and out-of-the-money call options on stocks with high short interest - i.e., companies where institutional investors and hedge funds are betting on share prices to decline. This year, the volatility remains, albeit from a different source. They also relished in a ferocious bounce-back rally that sent the benchmark index to new all-time highs less than five months after hitting a bear market bottom. Last year, investors navigated their way through the quickest decline of at least 30% in the S&P 500's history. Whether you're a relatively new investor or have been putting your money to work in the market for decades, there's always something new to be seen.

Guitar identification communities reddit